Profit Collapse at Frauenthal

Businessn.a. ♦ Published: May 21, 2012; 12:56 ♦ (Vindobona)

Revenues came at € 135.4m, which is 2% less than in the first quarter of 2011. EBIT halved to € 1.8m.

Profit Collapse at Frauenthal / Picture: ©

The Austrian automotive component supplier recorded weak results in the first quarter. Revenues declined by 2% to € 135.4m. EBIT was down by 50% to € 1.8m (after € 3.6m). Frauenthal´s net income amounted to € 0.0m after € 3.5m in the reference period. Frauenthal points out that the first quarter was coined by the downward trend in the utility vehicle…